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Armenian Agriculture Ministry Urging Processing Enterprises To Repay

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  • Armenian Agriculture Ministry Urging Processing Enterprises To Repay

    ARMENIAN AGRICULTURE MINISTRY URGING PROCESSING ENTERPRISES TO REPAY THEIR DEBTS TO FARMERS BEFORE JAN 1, 2012

    ARKA
    Nov 2, 2011

    YEREVAN, November 2. /ARKA/. Armenian Agriculture Ministry has sent
    letters to all the processing enterprises of Armenia urging them
    to pay their debts to farmers before the end of this year, Deputy
    Agriculture Minister Robert Makaryan said.

    He said that contract-based procurement culture is being introduced
    in the country. Some 40 companies buying grapes have already started
    paying their debts to farmers. Of them, 20 companies have already
    repaid their debts, and the other 20 companies have repaid them
    partially.

    Makaryan said that the ministry is conducting an everyday monitoring,
    which shows that AMD 15.2 billion of AMD 16.8 billion (90.5%) have
    already been paid for the purchased grapes. The remaining amount will
    be paid before the end of this year.

    Some 33 of 39 processing enterprises have completely repaid their
    debts, others partially.

    Of AMD 2.8 billion, 2.5 billion has been paid.

    Makaryan said that the ministry set this deadline to prevent repetition
    of the previous year~Rs situation, when three companies had overdue
    debts toward farmers as of May.

    He said that the 2010 debts are already paid and expressed hope
    that all the companies will pay the money they owe to farmers before
    expiration of the deadline.

    According to the National Statistical Service of Armenia, agricultural
    output totaled AMD 169 billion in September 2011 ~V 18.6% year-on-year
    growth.

    Armenia has 30 canning factories, 20 wineries, more than 250 milk
    purchasing and processing factories, 70 meat-processing factories
    and four tobacco-processing factories.

    Aggregate capacity of the Armenian enterprises is 285,000 tons, of
    which 172,300 tons (60.4%) are tinned vegetables and 111,700 tons are
    tinned fruits and juices. However, only 20% of this capacity is used
    in practice.

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